Part time landlord needed a speedy purchase of residential property

A longstanding client was looking to buy a new home in South East London but needed the mortgage application to complete within two months in order to secure the purchase.

This meant that we had to find a lender that was willing and able to work to this tight timescale. We also needed to ensure that our case manager was focused on pushing the application through as quickly as possible.

After discussions with several potential providers we found a lender that was able to complete the deal from enquiry to completion within one month, exceeding the client’s needs and expectations.

Here are the details:

Property value: £610,000

Loan amount: £488,000

LTV: 80%

Rate: 3.49% 5 year fixed

Term: 25 years capital & interest repayment

Lender arrangement fee: £995

Mortgage payments: £2,440 pcm

Consultant: Nick Helm

Consultant tel: 01732 471608

17th August 2015